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International Cost of Living Help

Denmark is in Northern Europe, bordering the Baltic Sea and the North Sea, on a peninsula north of Germany (Jutland); also includes two major islands (Sjaelland and Fyn). The climate is temperate, humid and overcast with mild, windy winters and cool summers.

The official language is Danish. It is closely related to Swedish and Norwegian. Most Danes speak good English, while some speak other Western European languages such as German, French and Spanish. The main religion is Christianity.

The economy of Denmark is a mixed economy with very few natural resources that relies almost entirely on human resources. The service sector makes up the vast amount of the employment and economy. Its industrialized market economy depends on imported raw materials and foreign trade.

Danes are overwhelmingly egalitarian and tolerant, however, a small segment of society is opposed to immigration. There is therefore a slight possibility that expatriates from ethnic minority groups may encounter offhand or unfriendly service in hotels and retail outlets. Expatriate business dress is generally conservative. Men traditionally wear dark suits and women either dresses or skirts and blouses.

The security risk for expatriates in Copenhagen is low. Risks include some petty crime in crowded areas, as well as the threat of terrorism.

The currency of Denmark is the Danish Krone (DKK). Banking is on a par with that of Western Europe and North America.

The standard of healthcare in Denmark is good, however costs of treatment for expatriates from outside the EU can be high.

The population of Denmark is 5.7 Million (2018 est.), while the inflation rate (CPI) is 1.3% for Denmark as at January 2019.

Xpatulator Hypothetical Tax for Denmark is based on the current personal income tax rates which are progressive up to 48% inclusive. This comprises up to 8% Labour Market Tax + 15% State Tax +25% Municipal Tax. Note: All income from employment or self-employment is taxed at 8% before income tax. In addition state income tax has two income brackets base (11.15%) and top (15%). There is also Municipal tax which averages 25%. Expatriates who are employed in Denmark and scientists assigned to Denmark may be able to apply for a flat tax rate of 26% on their gross salary for up to 60 months . A number of conditions must be met.

Cost Of Living

The cost of living for expatriates / professional migrants in Denmark as at 1 January 2019 is very high in comparison to other places in the world.

In Denmark, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports):1) Alcohol (where available) & Tobacco: High2) Clothing: Very High3) Communication: Low4) Education: High5) Furniture & Appliances: High6) Groceries: Very High7) Healthcare: Very High8) Household Accommodation: High9) Miscellaneous: Very High10) Personal Care: Very High11) Recreation & Culture: Very High12) Restaurants Meals Out and Hotels: Very High13) Transport: Very High

Denmark is for example 24% more expensive than USA for groceries, 11.2% more expensive for household costs than UK, and 281.9% more expensive for transport costs than India.

Denmark is ranked as a minimal hardship location.

The hardship premium for Denmark for an expat from Australia, is for example 0%, i.e. host location (Denmark) premium of 10% minus home (Australia) location premium of 10%.

Want to know more about cost of living, hardship (quality of living) or expat salary in Denmark? Register subscribe to your home location and Denmark and run your personalised reports.